SLED Opportunity · PENNSYLVANIA · PENNSYLVANIA
AI Summary
Dauphin County, PA seeks proposals for Deferred Compensation (457B) Plan Administrator services to manage a $29M portfolio with 800 participants. The RFP aims to appoint a qualified administrator by June 30, 2026, with contract terms subject to negotiation and legal approval.
The County of Dauphin (the County) is soliciting proposals for Deferred Compensation (457B) Administrative and Record Keeping Services related to its deferred compensation plan. The selected consultant will work with the County in the assessment of the County’s deferred compensation 457(b) plan (the “457B Plan”) portfolio which has a current market value of approximately $29 million.Approximately 800 of the County’s current and former employees participate in the deferred compensation 457B Plan. The 457B Plan currently has 41 different investment options plus a self-directed brokerage option and 12 different target-date funds.Pursuant to 16 Pa. C.S.A. §§108 and 310(4)(i), Dauphin County is a county of the third class, the affairs of which shall be legislated for and regulated by general laws as fixed and appointed by Title 16.” Consistent with their plenary corporate power, the Dauphin County commissioners may make contracts for lawful purposes and for executing the laws of this Commonwealth. 16 Pa. C.S.A. §15100. Specifically, the county commissioners may make contracts for all purposes expressly or impliedly authorized by law. 16 Pa. C.S.A. §15101(e). The County Commissioners anticipate making an appointment of a Deferred Compensation Plan Administrator no later than June 30, 2026. Final terms and conditions of the contract are negotiable. However, in both form and substance, the contract must meet with the approval of the Dauphin County Solicitor’s Office.This RFP is not a competitive bid, and the County shall not be required to award a contract to the maker of the lowest responsible proposal. To the contrary, consistent with state law, any award of a contract to a qualified provider shall be based upon the proposal that best meets the needs of the County, as determined by the County Commissioners, in accordance with criteria established in this RFP.The County specifically reserves the right to make no award of a contract for Deferred Compensation Plan Administrator services. The County shall not be liable for any costs or expenses incurred by anyone in connection with the preparation of a proposal in response to this RFP. To the contrary, all costs and expenses (including time) incurred in connection with the preparation of a proposal in response to this RFP shall be the sole and exclusive responsibility of the person or business making the proposal.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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